Cooper-Standard Holdings Inc. (CPS) Reaches New 52-Week High at $118.80
Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) hit a new 52-week high on Thursday . The stock traded as high as $118.80 and last traded at $119.08, with a volume of 45932 shares traded. The stock had previously closed at $118.16.
CPS has been the topic of several recent research reports. Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Buckingham Research decreased their price target on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) lowered Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research note on Monday, October 16th. Finally, Roth Capital boosted their price target on Cooper-Standard Holdings from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Cooper-Standard Holdings currently has a consensus rating of “Hold” and an average target price of $117.17.
The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2,099.66, a PE ratio of 11.45, a PEG ratio of 2.27 and a beta of 0.74.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). Cooper-Standard Holdings had a net margin of 3.88% and a return on equity of 24.99%. The business had revenue of $869.02 million during the quarter, compared to the consensus estimate of $844.14 million. During the same quarter in the previous year, the firm posted $2.48 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. research analysts predict that Cooper-Standard Holdings Inc. will post 10.75 earnings per share for the current year.
In related news, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total value of $87,365.00. Following the sale, the insider now directly owns 866 shares of the company’s stock, valued at $87,466. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,365 shares of company stock valued at $23,185,705. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Cooper-Standard Holdings by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after acquiring an additional 129,820 shares during the period. Vanguard Group Inc. grew its stake in Cooper-Standard Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock valued at $205,384,000 after acquiring an additional 68,126 shares during the period. Dimensional Fund Advisors LP grew its stake in Cooper-Standard Holdings by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the auto parts company’s stock valued at $82,224,000 after acquiring an additional 21,750 shares during the period. LSV Asset Management grew its stake in Cooper-Standard Holdings by 5.7% in the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after acquiring an additional 43,200 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Cooper-Standard Holdings by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after acquiring an additional 506,102 shares during the period. 95.68% of the stock is owned by institutional investors and hedge funds.
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Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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